Life Insurance Corporation of India Manager Salaries by 10+ Employees (Updated 2025)

1 - 19 years exp.

₹1.3 Lakh - ₹11 Lakhs

Salary of majority employees

62% less than the average Manager Salary in Insurance Companies for 1 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 14 - 17 years exp. (3 salaries)	₹2.7 L/yr - ₹10 L/yr
Sales & Business Development Manager Salary 6 - 19 years exp. (AmbitionBox Estimate)	₹4 L/yr - ₹7.5 L/yr
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Customer Success, Service & Operations Manager Salary 13 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹6.8 L/yr

Last Updated: 7 Jan 2025

Companies similar to Life Insurance Corporation of India for Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Manager Salary 2 - 16 years exp. (463 salaries)	₹4.5 L/yr - ₹15.7 L/yr 50% more
ICICI Prudential Life Insurance Manager Salary 1 - 13 years exp. (284 salaries)	₹3 L/yr - ₹13 L/yr 29% more
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SBI Life Insurance Company Manager Salary 3 - 20 years exp. (270 salaries)	₹5.2 L/yr - ₹18 L/yr 83% more
Max Life Insurance Manager Salary 5 - 15 years exp. (271 salaries)	₹3.6 L/yr - ₹15.4 L/yr 41% more	8 job openings
Bajaj Allianz Life Insurance Manager Salary 3 - 18 years exp. (177 salaries)	₹5.9 L/yr - ₹22 L/yr 118% more
Kotak Mahindara Life Insurance Manager Salary 0 - 12 years exp. (563 salaries)	₹2.4 L/yr - ₹8.5 L/yr 13% less
Reliance Nippon Life Insurance Manager Salary 2 - 18 years exp. (127 salaries)	₹2.8 L/yr - ₹10.4 L/yr 5% less
Tata AIA Life Insurance Manager Salary 4 - 18 years exp. (241 salaries)	₹6.5 L/yr - ₹25.6 L/yr 137% more	3 job openings
PNB MetLife Manager Salary 6 - 17 years exp. (76 salaries)	₹4.8 L/yr - ₹15.5 L/yr 70% more	2 job openings
Aditya Birla Sun Life Insurance Manager Salary 0 - 12 years exp. (189 salaries)	₹4 L/yr - ₹15.7 L/yr 48% more
HDFC Ergo General Insurance Manager Salary 4 - 16 years exp. (418 salaries)	₹4.5 L/yr - ₹16.4 L/yr 56% more
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ICICI Lombard General Insurance Company Manager Salary 2 - 14 years exp. (264 salaries)	₹3 L/yr - ₹12.3 L/yr 15% more
Aditya Birla Health Insurance Co Manager Salary 1 - 12 years exp. (205 salaries)	₹5 L/yr - ₹17 L/yr 61% more
Star Health & Allied Insurance Manager Salary 1 - 14 years exp. (136 salaries)	₹2.6 L/yr - ₹12 L/yr 10% more
Cholamandalam MS General Insurance Manager Salary 3 - 13 years exp. (112 salaries)	₹3.1 L/yr - ₹12.5 L/yr 24% more
Bajaj Allianz General Insurance Manager Salary 6 - 19 years exp. (109 salaries)	₹7 L/yr - ₹30 L/yr 177% more
AIG Manager Salary 5 - 15 years exp. (104 salaries)	₹9 L/yr - ₹22 L/yr 151% more
Shriram Life Insurance Manager Salary 2 - 15 years exp. (44 salaries)	₹2.8 L/yr - ₹11.7 L/yr 12% more
Aditya Birla Insurance Brokers Manager Salary 4 - 17 years exp. (34 salaries)	₹4.4 L/yr - ₹14.6 L/yr 33% more
Allianz Partners Manager Salary 5 - 17 years exp. (12 salaries)	₹9 L/yr - ₹20 L/yr 142% more

View all

Manager salary at Life Insurance Corporation of India ranges between ₹1.3 Lakh to ₹11 Lakhs per year for employees with experience between 1 year to 19 years. Salary estimates are based on 13 latest salaries received from various employees of Life Insurance Corporation of India.

Experience wise Life Insurance Corporation of India Manager salaries

Last Updated: 7 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.3 L/yr - ₹5.6 L/yr
2 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹6.2 L/yr
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3 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹6.8 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹7.4 L/yr
5 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.6 L/yr
7 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
8 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
9 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
10 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
11 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
12 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
13 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹12.8 L/yr
14 years (AmbitionBox Estimate)	₹3 L/yr - ₹10 L/yr
15+ years (4 salaries)	₹7.5 L/yr - ₹9 L/yr

View all

Similar Designation salaries in Life Insurance Corporation of India

Deputy Manager Salary

(5 salaries)

₹2.35 L/yr - ₹9.28 L/yr

Finance Manager Salary

(3 salaries)

₹2.6 L/yr - ₹4.1 L/yr

Proprietor Salary

(AmbitionBox Estimate)

₹9.2 L/yr - ₹11.7 L/yr

Management Trainee Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.8 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4 L/yr

Senior Associate Salary

(4 salaries)

₹2.5 L/yr - ₹6 L/yr

Financial Analyst Salary

(5 salaries)

₹1.2 L/yr - ₹3.6 L/yr

Chartered Accountant Salary

(4 salaries)

₹12 L/yr - ₹38 L/yr

Salary related reviews for Life Insurance Corporation of India

4.7

Rated by 3 employees for salary & benefits

Advisor in Kulgam

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 19 Jul 2024

5.0

for Salary and Benefits

Likes

Good bonus Good incentives Respect given by whole team of LIC Good guidance and counselling and training sessions at LIC office

Salary - Excellent

+3 more

Dislikes

There is a heavy workload of getting policies and sales which is very tough to get popicies on dailg basis to achieve target.

Skill development - Poor

+2 more

Development Officer in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

5.0

• posted on 21 Sep 2023

3.0

for Salary and Benefits

Likes

Job Performing Flexibility.

Job security - Excellent

+3 more

Dislikes

...e Teams. 2. Other benefits, which are not upto the standards or satisfaction. 3. No Festival bonuses/ annual bonuses. 4. No Family bonus 5. No clarity about Pension

Promotions - Poor

Development Officer in Mumbai

Full Time

Sales & Business Development Department

1.0

• posted on 20 Feb 2023

3.0

for Salary and Benefits

Likes

Good company in terms of the pay and benefits, but at a heavy price.

Dislikes

All the rules and restrictions/punishment are imposed only on class 2 officers of the organisation. Targets are imposed only on development officers.

Skill development - Poor

+5 more

Insurance Adviser in Suryapet

Full Time

Construction & Site Engineering Department

5.0

• posted on 24 Apr 2022

5.0

for Salary and Benefits

Likes

...us, we need to complete basic target - can be achieved easily to retain licence. We as agents, upon reaching membership target's, we receive bonus, advances & other benefits.

Salary - Excellent

+6 more

Dislikes

In this competitive industry, we need to implement new combination policies like pvt companies, which gives multiple benefit options to choose for customer & we need to upgrade in digital marketing/Easy ways to receive customer feedback, requests, their suggestions etc. We need to cut off those lengthy process in different sections.

Development Officer in Birbhum

Full Time

Sales & Business Development Department

3.0

• posted on 31 Oct 2022

4.0

for Salary and Benefits

Likes

Daispora of LICI. Salary and Perks. Free to work.

Salary - Good

+1 more

Dislikes

No job security at ADO/PDO post. Work life balance (what is it ?). Forget about help from colleague. If you are from sound and wealthy background just dive in.

Job security - Bad

+4 more

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Life Insurance Corporation of India Manager Salary FAQs

What is the salary of Manager at Life Insurance Corporation of India?

Manager salary at Life Insurance Corporation of India in India ranges between ₹1.3 Lakhs to ₹11.0 Lakhs for experience between 1 years to 19 years. According to our estimates it is 62% less than the average Manager Salary in India. Salary estimates are based on 13 latest salaries received from various employees of Life Insurance Corporation of India India.

How does the salary of a Manager at Life Insurance Corporation of India India compare with the average salary range for this job?

The average salary of a Manager at Life Insurance Corporation of India is 62% less than the average salary of a Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Life Insurance Corporation of India to a Manager in India?

Principal Global Services Manager Salary - ₹19.5 Lakhs to ₹40.0 Lakhs per year
AXA Manager Salary - ₹15.0 Lakhs to ₹34.5 Lakhs per year
National Insurance Company Manager Salary - ₹7.5 Lakhs to ₹36.6 Lakhs per year
United India Insurance Company Manager Salary - ₹10.0 Lakhs to ₹26.0 Lakhs per year
Bajaj Allianz General Insurance Manager Salary - ₹7.0 Lakhs to ₹30.0 Lakhs per year

What is the salary of a Manager in companies similar to Life Insurance Corporation of India in India?

The Oriental Insurance Co. Manager Salary - ₹7.0 Lakhs to ₹20.0 Lakhs per year
AIG Manager Salary - ₹9.0 Lakhs to ₹22.0 Lakhs per year
Allianz Partners Manager Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
Tata AIA Life Insurance Manager Salary - ₹6.5 Lakhs to ₹25.6 Lakhs per year
Gallagher Manager Salary - ₹8.9 Lakhs to ₹14.0 Lakhs per year

What is the estimated take home salary of a Manager at Life Insurance Corporation of India in India?

The estimated take-home salary of a Manager at Life Insurance Corporation of India ranges between ₹46,531 per month to ₹47,633 per month in India. The take-home salary calculation is based on the average Life Insurance Corporation of India Manager salary in India which ranges between ₹1.3 Lakhs to ₹11.0 Lakhs per year for employees with experience between 1 years to 19 years. Check how did we calculate take home salary?

What is the notice period for Manager at Life Insurance Corporation of India?

According to AmbitionBox, 48% of the Life Insurance Corporation of India Managers reported a notice period of 15 days or less, 26% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 23 responses on AmbitionBox in last 2 years.

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Life Insurance Corporation of India Manager Salaries by Location

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Life Insurance Corporation of India Manager Salaries

Life Insurance Corporation of India Manager salary in India ranges between ₹1.3 Lakh to ₹11 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.

Life Insurance Corporation of India Manager salaries in India (Updated 2025)

Companies similar to Life Insurance Corporation of India for Manager

Latest annual salaries shared by Life Insurance Corporation of India Manager

Experience wise Life Insurance Corporation of India Manager salaries

Similar Designation salaries in Life Insurance Corporation of India

Salary related reviews for Life Insurance Corporation of India

Advisor in Kulgam

Development Officer in Hyderabad / Secunderabad

Development Officer in Mumbai

Insurance Adviser in Suryapet

Development Officer in Birbhum

Life Insurance Corporation of India Manager Salary FAQs

Tell us how to improve this page.

Life Insurance Corporation of India Manager Salaries by Location